09/10/2021
๐๐๐ซ๐๐ง๐ฌ๐๐๐ซ๐ซ๐ข๐ง๐ ๐๐ฐ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐จ๐ ๐๐ฌ๐๐ ๐๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ก๐ข๐ฅ๐ข๐ฉ๐ฉ๐ข๐ง๐๐ฌ๐
Planning on getting a new car and wondering about the papers? Read our simplified guide on how to transfer ownership. The main question this guide seeks to answer is how do I change ownership in LTO and we'll give you the steps and requirements.
How do I change ownership of my car? How do I transfer my second-hand car? These follow the same process of transfer ownership in the Philippines.
How do I change ownership of my car in the Philippines?
๐๐ญ๐๐ฉ ๐ - ๐๐ซ๐๐ฉ๐๐ซ๐ ๐๐ฅ๐ฅ ๐๐๐๐ข๐๐ข๐๐ฅ ๐๐จ๐๐ฎ๐ฆ๐๐ง๐ญ๐ฌ
To transfer ownership, you must have the following:
Release of Chattel Mortgage (if applicable, and if the unit is encumbered)
Promissory Notes
Original LTO Receipt (also known as the โO.R.โ) and Certificate of Registration (C.R.)
Photocopy these documents for the next step. Note: If you buy the car from a bank, getting the documents takes about a month.
๐๐ญ๐๐ฉ ๐ - ๐๐จ ๐ญ๐จ ๐๐๐ ๐ข๐ฌ๐ญ๐ซ๐ฒ ๐จ๐ ๐๐๐๐๐ฌ
Go to the nearest Registry of Deeds for the cancellation of the chattel of mortgage. (i.e. Cancelling chattel of mortgage = proof that the car isn't mortgaged anymore.) Prepare photocopies of the aforementioned documents.
Submit the necessary requirements and pay a processing fee. (For us, itโs P800 but it varies.)
You will be issued a receipt which you will present to LTO later on.
Note: this might take a day to process.
๐๐ญ๐๐ฉ ๐ - ๐๐จ ๐ญ๐จ ๐๐๐ ๐จ๐ ๐๐ซ๐ข๐ ๐ข๐ง๐๐ฅ ๐๐๐ ๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ ๐๐จ๐ฌ๐ฌ๐ข๐๐ฅ๐
Proceed to the LTO branch where the vehicle was registered, this is where you will be getting a new certificate of registration under your name. If the branch the car is registered in is far away, any branch is fine but you're going to have do an extra step later on.
Prepare the following documents:
Cancellation of Chattel Mortgage properly stamped by the registry of deeds.
Original LTO certificate of registration.
Pay the necessary fees for removing your encumbrance to the LTO.
What is encumbrance? - Basically, itโs a status that says the vehicle is a loan. Removing the encumbrance = the car isnโt a loaned car anymore.
Once the payment is done, you will receive a new original LTO certificate of registration without the โencumberedโ label. After this, you may proceed to transfer your vehicle under your name.
๐๐ญ๐๐ฉ ๐ - ๐๐ซ๐จ๐๐๐๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐๐๐จ๐ซ๐๐ฌ ๐๐๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐๐ ๐ฐ๐ก๐๐ซ๐ ๐๐จ๐ฎ ๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ข๐ฌ๐ญ๐๐ซ ๐ญ๐ก๐ ๐๐๐ซ
Proceed to the records section of LTO with photocopies of your new O.R. and C.R. It is time for approval and getting a circular.
They will confirm the region where your car was registered.
After the confirmation, proceed to the approval section of LTO for the approval of documents.
Afterwards, go back to the records section of LTO for the circular which you will need later on.
After youโre done, bring the documents to the approving section.
All of this will take some time, wait for them to be released in the records section.
๐พ๐ค๐ฃ๐๐ง๐๐ฉ๐ช๐ก๐๐ฉ๐๐ค๐ฃ๐จ! ๐๐ ๐ฎ๐ค๐ช ๐ฌ๐๐ฃ๐ฉ ๐ฉ๐ค ๐ฉ๐๐ ๐๐ง๐๐ฃ๐๐ ๐ฌ๐๐๐ง๐ ๐ฉ๐๐ ๐๐๐ง ๐ฌ๐๐จ ๐ง๐๐๐๐จ๐ฉ๐๐ง๐๐, ๐ฉ๐๐ ๐ฃ๐๐๐๐จ๐จ๐๐ง๐ฎ ๐๐ค๐๐ช๐ข๐๐ฃ๐ฉ๐จ ๐๐ง๐ ๐ฃ๐ค๐ฌ ๐ฌ๐๐๐ง๐ ๐ฉ๐๐๐ฎ ๐ฃ๐๐๐ ๐ฉ๐ค ๐๐ ๐๐ฃ๐ ๐ฉ๐๐ ๐๐๐ง ๐๐จ ๐ฃ๐ค๐ฌ ๐๐ฃ ๐ฎ๐ค๐ช๐ง ๐ฃ๐๐ข๐!
But for those who didn't, there's an extra step:
๐๐ญ๐๐ฉ ๐ - ๐
๐ข๐ง๐๐ฅ๐ข๐ณ๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐ฌ๐๐๐ซ ๐จ๐ ๐๐ข๐ญ๐ฅ๐
Once all your documents have been processed by the LTO branch where you went, you will need to send the following documents to the specific regional LTO branch where the car was registered.
Original Confirmation
Photocopy of Deed of Sale
Photocopies of the Original Receipt and Certificate of Registration (or the OR/CR)
After this, youโre going to have to wait for the documents to be mailed back. This might take about 2 weeks to a month.
We know, the process takes a while. But is spending a bit of effort for a used car you got a phenomenal deal on that bad? Not really.
